SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Betterment LLC

CIK 0001633901 · 450 WEST 33RD STREET, FL 11, NEW YORK, NY, 10001 · 212-228-1328

Reported Value
$32.1B
Q4 2021
Positions
202
Filings on Record
29
2019–present window
Filed
Feb 15, 2022
original filing

Summary

Betterment LLC reported $32.1B in U.S.-listed holdings across 202 positions for Q4 2021.

The portfolio is heavily concentrated: VTI alone accounts for 35.9% of reported value.

Compared with Q3 2021, the fund opened 20 new positions and exited 2.

Portfolio Metrics

Turnover
+0.6%
vs prior filed quarter
Top-10 Concentration
+97.1%
share of reported value
Largest Position
+35.9%
Vanguard Index Fds
New / Exited
20 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $16.5BQ1 ’19Q2 ’19: $17.6BQ3 ’19: $17.6BQ4 ’19: $19.4BQ1 ’20: $16.1BQ1 ’20Q2 ’20: $18.8BQ3 ’20: $20.4BQ4 ’20: $23.9BQ2 ’21: $29.4BQ2 ’21Q3 ’21: $29.9BQ4 ’21: $32.1BQ1 ’22: $31.4BQ2 ’22: $28.0BQ2 ’22Q3 ’22: $28.0BQ4 ’22: $29.2BQ1 ’23: $30.9BQ2 ’23: $32.3BQ2 ’23Q3 ’23: $31.6BQ4 ’23: $34.7BQ1 ’24: $37.3BQ2 ’24: $38.6BQ2 ’24Q3 ’24: $41.9BQ4 ’24: $41.9BQ1 ’25: $42.2BQ2 ’25: $47.0BQ2 ’25Q3 ’25: $50.6BQ4 ’25: $52.5BQ1 ’26: $52.8Bfilingsflow.com

Portfolio Composition

By security type
ETP: 100.0%
  • ETP · 100.0% · $32.1B

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KOMPSPDR State Street Global AdvisorsNEW+231.1K231.1K+$14M$14M
iSharesNEW+21.7K21.7K+$1M$1M
SCHGSCHWAB STRATEGIC TRNEW+4.3K4.3K+$700,000$700,000
SPDWSPDR State Street Global AdvisorsNEW+18.9K18.9K+$689,000$689,000
EPSWisdomTreeNEW+11.3K11.3K+$567,000$567,000
AGGYWisdomTreeNEW+9.4K9.4K+$486,000$486,000
IJRISHARES TRNEW+4.2K4.2K+$477,000$477,000
XSOEWisdomTreeNEW+12.1K12.1K+$445,000$445,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSCommon35.91%$11.5B58.41M
2MUBISHARES TRCommon17.83%$5.7B53.15M
3VEAVANGUARD TAX MANAGED INTL FDhistory →Common14.94%$4.8B93.97M
4VWOVANGUARD INTL EQUITY INDEX FCommon9.91%$3.2B64.34M
5BNDXVANGUARD CHARLOTTE FDShistory →Common5.58%$1.8B32.48M
6IEMGISHARES INCCommon4.24%$1.4B18.72M
7SCHFSCHWAB STRATEGIC TRCommon4.01%$1.3B23.87M
8GBILGoldman SachsCommon2.39%$768M10.81M
9VTIPVANGUARD MALVERN FDShistory →Common1.62%$520M10.12M
10EFAXSPDR State Street Global AdvisorsCommon0.68%$218M3.19M
11TFISPDR SERIES TRUSTCommon0.63%$202M3.96M
12BNDVANGUARD BD INDEX FD INCCommon0.58%$187M2.27M
13JPSTJP Morganhistory →Common0.57%$182M3.60M
14VWOBVANGUARD WHITEHALL FDS INCCommon0.41%$130M1.67M
15ESGVVANGUARDCommon0.17%$55M646.7K
16VOTEEngine No. 1history →Common0.09%$28M504.2K
17GMOMCAMBRIA ETF TRCommon0.08%$25M826.2K
18QQQInvescoCommon0.05%$16M290.2K
19DFACDimensionalCommon0.04%$13M393.5K
20DFAXDimensional Fund Advisors LPCommon0.04%$13M439.1K
21LTPZPIMCOhistory →Common0.03%$10M113.8K
22MOATVan EckCommon0.03%$10M177.1K
23VCLTVANGUARD SCOTTSDALE FDSCommon0.03%$8M81.2K
24XTRACKERSCommon0.02%$7M179.2K
25ARKKArk ETF TrustCommon0.02%$5M55.2K
26COMBGraniteSharesCommon0.01%$5M181.4K
27FPXIFirst TrustCommon0.01%$5M81.2K
28WTMFWISDOMTREE TRCommon0.01%$4M100.7K
29Impact SharesCommon0.01%$3M89.1K
30Exchange Traded Concepts TrustCommon0.01%$3M69.4K
31FIXDFirst Trust Exchange-Traded Fund VIIICommon0.01%$2M46.8K
32EPSWisdomTreeCommon0.01%$2M46.0K
33INDEXIQ ETF TRCommon0.00%$1M45.8K
34VXUSVANGUARD STAR FDCommon0.00%$1M22.7K
35EMLCVANECK VECTORS TRCommon0.00%$1M44.7K
36VIGVANGUARD SPECIALIZED PORTFOLCommon0.00%$1M7.1K
37EMLPFIRST TR EXCHANGE TRADED FDCommon0.00%$967,00038.7K
38BLDGCambria FundsCommon0.00%$946,00029.6K
39AvantisCommon0.00%$931,00011.7K
40VIOOVANGUARD ADMIRAL FDS INCCommon0.00%$818,0003.9K
41HYDMARKET VECTORS ETF TRCommon0.00%$785,00012.6K
42SPYSPDR SP 500 ETF TRCommon0.00%$597,0001.3K
43ETFS GOLD TRCommon0.00%$591,00033.7K
44AVDVAVANTIS INTLCommon0.00%$498,0007.7K
45DBX ETF TRCommon0.00%$344,0008.8K
46FNDASchwabCommon0.00%$233,0004.2K
47DBMFDynamic Beta InvestmentsCommon0.00%$211,0008.2K
48XLESELECT SECTOR SPDR TRCommon0.00%$203,0003.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$52.8B615May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$52.5B551Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$50.6B522Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$47.0B497Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$42.2B458May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$41.9B444Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$41.9B421Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$38.6B392Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$37.3B352May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$34.7B313Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$31.6B296Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$32.3B281Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$30.9B265May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$29.2B252Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$28.0B223Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$28.0B223Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$31.4B224May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$32.1B202Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$29.9B184Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$29.4B163Aug 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$23.9B125Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$20.4B112Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$18.8B115Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$16.1B111May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$19.4B112Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$17.6B111Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$17.6B111Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$16.5B109Apr 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.